2018-03-29Exploring Lithuania as a FinTech Hub
Lithuania has certain invaluable advantages for FinTech startups in the age of evolving bank-FinTech narratives when collaborations and M&A are on the rise. For example, startups can obtain an e-money or payment license in just three months (four with preparation stage), which is two to three times faster than in other EU jurisdictions, Invest Lithuania, the official agency for Foreign Direct Investment and Business Development in Lithuania, emphasizes.
2017-05-10EBA consults on Guidelines under the PSD2
On 2017-05-05 The European Banking Authority (EBA) launched a consultation on its draft Guidelines on security measures for operational and security risks under the revised Payment Services Directive (PSD2). The Guidelines are in support of the objectives of PSD2, such as strengthening the integrated payments market in the EU, mitigating the increased security risks arising from electronic payments, and promoting equal conditions for competition. The consultation runs until 7 August 2017.